Does The Magic Formula Work In Benelux, What About Finland?

Does The Magic Formula Also Work In Finland? by Tim du Toit, Quant Investing

Joel Greenblatt proved that his Magic Formula investment strategy, as described in his excellent book The Little Book that Still Beats the Market, works in the US markets.

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Magic formula works in the Benelux

And Pim Postma in his 2015 Bachelor thesis Magic Formula Investing in the Benelux proved that the Magic Formula also works in the Benelux (Belgium, Luxembourg and the Netherlands) stock markets where it was able to realise an average 7.70% annual market outperformance without taking additional risk during the 20 year period from 1995 till 2014.

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